Chicken Soup, Bruised Ego, and a Bullish Setup?
Ahoy there, Trader! ⚓️
It’s Phil…
Morning traders – the markets fell hard and so did I!
A badly twisted ankle, knee, hip, wrist, one of those scrapes that only maternal-grade sympathy can fix – and of course, my pride took the biggest hit.
After that unscheduled stairwell liquidity sweep, I did what any disciplined trader would do: sat out, iced everything, and watched the Powell-Trump circus unfold from the comfort of my couch.
⬇️⬇️⬇️ – keep scrolling for today’s full breakdown – ⬇️⬇️⬇️
SPX Doesn’t Need You To Be Right. Just Consistent.
Pulse bar tells you when. Credit spreads handle the rest.
SPX Market Briefing:
The market remains rangebound, despite the theatrics. Yes, we saw a bullish setup off the range lows, but I was too busy being pampered and told what a brave little boy I was while sipping imaginary tea and rethinking my entire mobility strategy.
Today’s a fresh start. My mouse hand and clicking finger are battle-ready. But as I always say – I don’t love new trades in the middle of a range. That’s usually where good trades go to die slowly.
So I’m leaning bearish until something forces a rethink. Either my hedge trigger flips me bullish, or we tag those range lows cleanly again. Until then? It’s chicken soup and mild complaining on repeat.
Same gameplan holds.
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Reversals at range highs and lows
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Breakouts through the same
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Sit tight in the mushy middle
Until then… I wait.
Expert Insights:
Mid-range trades are where hope goes to die.
According to trading stats from Thomas Bulkowski’s pattern research, breakout and reversal setups at key levels outperform mid-range drift entries by over 2:1 in risk-adjusted return profiles
[Source: ThePatternSite.com – “Performance Rank of Chart Patterns”].
The AntiVestor Truth?
If you need to squint to see a setup, it’s probably not there. Range edges offer clarity. The middle offers confusion with extra slippage. Don’t mistake motion for opportunity.
Rumour Has It…
Trump apparently re-fired Jerome Powell before un-firing him five minutes later.
“Powell, you’re fired. Just kidding. Got you good. The good’est anyone’s been got.”
Satire Alert: Markets shouldn’t be a reality show – yet here we are.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact:
Meme of the Day:
“When you’re bandaged head-to-toe but still stalking the reversal trigger.”
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
p.s. There are 3 ways I can help you…
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